Tax Credits

02/10/2025
  • Foreign tax credit: When foreign income is taxed in Zimbabwe, a tax credit (limited to the amount of local tax suffered) will be set off against the local tax liability.
  • Special Economic Zones (SEZs): Tax incentives for investors in SEZs include exemptions from duty on goods and equipment used to establish the business, tax exemption for the first five years, and a 15% tax rate thereafter.
  • Physically challenged persons employment tax credit: Qualifying taxpayers can claim a monthly tax credit of USD 50 (or the ZWL equivalent) for each additional physically challenged employee, with a limit of USD 2,250 (or the ZWL equivalent) per year of assessment.
  • Youth employment tax credit: A tax credit of ZWL 1,500 per month for each additional employee, effective from 1 January 2020.